ZIP 07031 vs ZIP 07040
A side-by-side comparison of ZIP Code 07031 and ZIP Code 07040: population, income, housing, and more.
ZIP 07031 and ZIP 07040 are ZIP Code areas in New Jersey. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 07040 has the higher population (25,406 vs 16,368 in ZIP 07031). ZIP 07040 has the higher median household income ($167,428 vs $101,493 in ZIP 07031). ZIP 07040 has the higher median home value ($684,600 vs $464,700 in ZIP 07031).
Population, income & housing
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| Population | 16,368 | 25,406 |
| Median age | 39.6 yrs | 38.7 yrs |
| Median household income | $101,493 | $167,428 |
| Median home value | $464,700 | $684,600 |
| Median gross rent | $1,706 | $2,184 |
| Housing units | 6,986 | 8,981 |
| Homeownership rate | 46.4% | 76.9% |
| Bachelor's degree or higher | 38.6% | 69.4% |
| Unemployment rate | 6.4% | 7.1% |
Trends (ACS 5-year, 2019–2023)
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| Population | 15,677 → 16,368 (+4.4%) | 24,696 → 25,406 (+2.9%) |
| Median household income | $84,527 → $101,493 (+20.1%) | $138,870 → $167,428 (+20.6%) |
| Median home value | $363,400 → $464,700 (+27.9%) | $529,400 → $684,600 (+29.3%) |
| Median gross rent | $1,375 → $1,706 (+24.1%) | $1,679 → $2,184 (+30.1%) |
ZIP 07031
15,67716,368
$84,527$101,493
$363,400$464,700
$1,375$1,706
ZIP 07040
24,69625,406
$138,870$167,428
$529,400$684,600
$1,679$2,184
Age & race/ethnicity
Age distribution (share)
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| Under 5 | 6.0% | 7.1% |
| 5 to 17 | 12.2% | 21.0% |
| 18 to 24 | 7.1% | 6.6% |
| 25 to 34 | 17.7% | 11.1% |
| 35 to 44 | 15.4% | 13.7% |
| 45 to 54 | 13.5% | 14.9% |
| 55 to 64 | 12.6% | 13.7% |
| 65 to 74 | 9.7% | 6.1% |
| 75 and over | 5.9% | 5.9% |
Race & ethnicity (share)
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| White (non-Hispanic) | 53.7% | 52.9% |
| Black or African American | 1.4% | 30.5% |
| American Indian & Alaska Native | 0.0% | 0.6% |
| Asian | 8.8% | 3.3% |
| Native Hawaiian & Pacific Islander | 0.2% | 0.0% |
| Some other race | 0.2% | 1.0% |
| Two or more races | 4.0% | 3.1% |
| Hispanic or Latino | 31.6% | 8.7% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| No high school diploma | 8.9% | 4.2% |
| High school graduate | 31.2% | 8.4% |
| Some college or associate's | 21.3% | 18.0% |
| Bachelor's degree | 23.9% | 37.5% |
| Graduate or professional degree | 14.7% | 31.9% |
Commute to work
How workers get to work (share)
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| Drove alone | 65.1% | 47.6% |
| Carpooled | 6.9% | 1.2% |
| Public transit | 13.0% | 20.5% |
| Walked | 0.4% | 0.5% |
| Bicycle | 0.0% | 0.2% |
| Worked from home | 10.7% | 26.6% |
| Other means | 3.9% | 3.4% |
Housing
Units in structure (share)
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| 1-unit, detached | 37.8% | 60.1% |
| 1-unit, attached | 3.6% | 3.2% |
| 2 to 4 units | 39.1% | 20.6% |
| 5 to 19 units | 14.4% | 5.2% |
| 20 or more units | 5.1% | 10.8% |
| Mobile home & other | 0.0% | 0.0% |
Poverty & households
| ZIP 07031 | ZIP 07040 | |
|---|---|---|
| Poverty rate | 3.7% | 3.6% |
| Average household size | 2.46 | 2.93 |
| Mean commute (minutes) | 32 | 39 |
| Median year structure built | 1954 | 1938 |